USDJPY 4-10-2023 .
The prices are still trading between the boundaries of an ascending price channel. The lower boundary of this channel was tested in yesterday’s trading session. It is also noted that the upper boundary of the channel coincides with an important resistance area in the range of 150.50. The prices facing a selling pressure in this area, which limits the upward momentum. It is expected that the selling pressure will continue to appear at the aforementioned resistance area until it is broken.